The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-23
CONDITION OF THE MARKETS
Provisions Dull and Lifeless, with an
Absence of Interesting Features.
Wheat Advances Slightly on Heavy Buying.
and the Same Statement is Applicable to
the Dealings in COrn-A Steady Close.
MONEY, BONDS AND STOCKS.
a Firm to Strong and Duh Market, Though
the Most Active of the Week.

n Firm to Strong and Duh Market, Though
the Most Active of the Week.
NEW YORK, Dec. 22.-Money call was
easy at TO 5 per cent, the last loan being
made at A; closing at 405.
Prime mercantile paper, 6 oil per cent.
Sterling exchange was quiet but strong at
81 s22 for sixty day bills, aud "a. Sc for demand
The total sales of stocks to-day were 202, l03
shares. including the following: Delaware,
. Lackawanna & Western, q. 700; Erie, 3,93l;
louisville & Nashville, 1875; Northwestern,
s.640; Reading So, $50; st. Paul. 1900; Union
Pacific, 1900; Western Union. "A, 800
The stock market. while dull to-day, was still
more active than any previous day this week.
which was somewhat of a surprise to most of
! the operators. It's tone was firm to strong ir
the forenoon but heavy TO weak later in the
day. There was some buying by London In
the early trading. and considerable buying
for the short account followed, which, IN the
of Chicago Burlington & Quincy, IN which
the soller sixty options put out some time ago
are falling due. caused 3 sharp squirt of per
cent. while other specialties advanced material
w. The old story of trouble with the employees
the Reading coupled with the rumor that
the syndicate was selling out its stock, was cir
culated, and the result was a break In that
stock which dragged all the rest down, and the
gains OF the morning hours were generally lost
before the close. The news of 8 decision in IA
vor of Hooking Valley against its former officers
induced a sudden spurt in that stock, late in the
day. but the general list for the most part was
devoid of feature throughout, and sunk back In
TO the usual listlassness, while few stocks
monopoized the interest in the transactions.
Manhattan was weak spot again, though It
was extremely dull throughout. The opening
was firm at advances extending to per cent,
and on a better business than had been seen
far this week. advanced steadily until after IL
O'clock when the best prices generally
reached. Hooking Valley and Burlington Sc
Quincy caused some excitement in the market
which, however, disappeared when
the attack upon Reading began. The transac-
tons in the last-uamed stock were very heavy
from that time, while the remainder showed a
steadily decreasing volume of business. with
heavy tone. The market closed dull and rather
heavy at but insignificant changes from first
prices. Most of the list. compared with last
evenings prices, small fractions higher, but
Chicago, Burlington & Quincy is up per cent,
and Hooking Valley. II, while Manhattan is
down 4
Railroad bonds were quiet but in fair demand,
and the result of the days trading is to leave
most of those dealt in on higher level than last
evening. The sales were 500. 600. Northwest
ern sinking fund SKIES 2 to 120; Hooking
Valley fves q, TO 70!; Lake Shore second
registered, 2, to 122; New Orleans g. Mobile
seconds. 2, 70 90, and Wabash. Chicago division,
2, to 99l
Government bonds were quiet but firm
State bonds were dull and steady. Closing
sio